Webster Financial Co. (NYSE:WBS) Stake Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in Webster Financial Co. (NYSE:WBSFree Report) by 17.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,466 shares of the financial services provider’s stock after buying an additional 4,659 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Webster Financial were worth $1,597,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WBS. Spire Wealth Management lifted its position in Webster Financial by 79.1% in the 4th quarter. Spire Wealth Management now owns 607 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 268 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Webster Financial during the fourth quarter valued at approximately $42,000. Principal Securities Inc. acquired a new position in shares of Webster Financial during the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC grew its holdings in Webster Financial by 29.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,114 shares of the financial services provider’s stock worth $57,000 after buying an additional 255 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Webster Financial in the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WBS shares. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Citigroup decreased their target price on shares of Webster Financial from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Barclays dropped their price target on shares of Webster Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Jefferies Financial Group decreased their price objective on shares of Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.00.

View Our Latest Stock Analysis on WBS

Insider Buying and Selling at Webster Financial

In other news, insider Daniel Bley sold 2,280 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $44.80, for a total value of $102,144.00. Following the completion of the sale, the insider now owns 28,693 shares in the company, valued at $1,285,446.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

Webster Financial Trading Down 1.2 %

Shares of NYSE WBS opened at $40.95 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.54. Webster Financial Co. has a 12 month low of $36.22 and a 12 month high of $53.39. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.51 and a beta of 1.31. The business has a fifty day simple moving average of $45.46 and a 200-day simple moving average of $47.60.

Webster Financial (NYSE:WBSGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. Webster Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 earnings per share. Sell-side analysts predict that Webster Financial Co. will post 5.57 EPS for the current year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, May 3rd. Webster Financial’s dividend payout ratio is 32.79%.

Webster Financial Profile

(Free Report)

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.

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Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Co. (NYSE:WBSFree Report).

Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

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